Ripple has announced a strategic partnership with Bahrain Fintech Bay (BFB) to expand its operations in the Kingdom of Bahrain and introduce its Ripple USD (RLUSD) stablecoin to the region.
BFB, a major fintech ecosystem builder backed by the Bahrain Economic Development Board, collaborates closely with the Central Bank of Bahrain on innovation and blockchain policy.
Under the partnership, Ripple and BFB will work on pilot projects in areas such as cross-border payments, tokenization, and digital asset custody. Ripple’s Middle East managing director, Reece Merrick, said the company aims to offer institutional access to its custody and stablecoin services in Bahrain’s financial system.
Since its launch in 2018, BFB has become a central part of Bahrain’s fintech ecosystem, partnering with both public and private institutions. The collaboration marks a key step for Ripple in the Gulf region as it continues expanding its Web3 and stablecoin initiatives beyond the U.S. and Europe.
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